Zillow Advice: Home Selling - remodel to rent or flip question http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ Zillow Advice | Zillow Real Estate You should be able to "translate" ... http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ You should be able to "translate" your remodel into a sale. Each area is different so you will have to evaluate home prices in your area. Some improvements show up and bring a increased profit, others don't necessarily. I would contact a good Realtor to get a CMA of your property and go from there. Wed, 24 Jul 2013 02:56:00 GMT http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ 2013-07-24T02:56:00Z You;ve over-improved it for ... http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ You;ve over-improved it for tenants. Anything and everything may be potentially destroyed by tenants. For a rental you want the LEAST amount of upgrades possible, unlike if YOU lived in it as an owner. <br/><br/>Based solely on the upgrades, why not SELL it now and buy another fixer, then upgrade it to a lower standard and rent it out ? <br/><br/>Having rentals all of my life I know its very sad to see upgrades torn apart by careless tenants. Sun, 21 Jul 2013 23:49:00 GMT http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ 2013-07-21T23:49:00Z Hi,I would say it depends ... http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ Hi,<br/><br/>I would say it depends on your financial situation. Do you need the money for anything in the near future, or would you like to use the money to purchase another fixer and do it all over again?&nbsp;<br/><br/>If you lease it out, you can make some money and sell it in the future, but of course you never know which direction the market will turn.<br/><br/>Feel free to contact me directly with any further questions/concerns or for a free professional estimate of your home value in the current market.&nbsp;<br/><br/>Best,<br/><br/>Jamie Tian<br/>Rodeo Realty Sun, 21 Jul 2013 08:11:00 GMT http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ 2013-07-21T08:11:00Z Well that's 6K extra to put ... http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ Well that's 6K extra to put in the bank a year , plus if you do it again with another house it just gets better.<br/>You have obviously done some renovations that wouldn't have to be addressed for another 20 years.<br/>If I could hold onto it I would, put myself a good listing together showcasing <br/>the all the new features, rent it and look for the next property to start.<br/>Sometimes you may have to flip a few to get the money you need to keep<br/>your income properties going but sounds like a great idea to me.<br/>Wish you the best.<br/>-Joseph- Wed, 10 Jul 2013 20:15:00 GMT http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ 2013-07-10T20:15:00Z I would make 400-500 a month ... http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ I would make 400-500 a month positive cash flow ROI is 9% I believe. Wed, 10 Jul 2013 19:44:00 GMT http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ 2013-07-10T19:44:00Z I think it would depend on ... http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ I think it would depend on your current finance situation on if you need the one time payout, move on a do it again...etc.<br/>But if you are interested in income property and using it for secondary income or a retirement income then I would base it off what the profit would<br/>be each month if you did rent it.<br/>I have also looked at a few properties for both reasons, one would be a great flip because the purchase cost is half of what properties on both sides sold for and they are all the same size houses with the same lots.<br/>The other needs more work but is in a great location to a local hospital...that means rental property because it is within walking distance.<br/>If a property was near walking distance of&nbsp;a college, that&nbsp;would be another&nbsp;great income rental, properties like that here are leased a year in advance.<br/>So depends on what you need and where exactly it is in your community.<br/><br/>Sounds like you have created a nice place and shouldn't have any problem<br/>whatever you decide. <br/>Good luck and happy renovations to you.<br/>-Joseph- Wed, 10 Jul 2013 19:37:00 GMT http://www.zillow.com/advice-thread/remodel-to-rent-or-flip-question/501226/ 2013-07-10T19:37:00Z